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Stella [2.4K]
2 years ago
6

Why are retired people hurt by inflation?      

History
1 answer:
Vadim26 [7]2 years ago
6 0
If you are retired, you do not have a source of income from a job--you rely on your savings, interest from investments, or the government (e.g., social security in the US). With a job, your salary typically increases every so often to track inflation. When you just have savings, the total value of your money stays the same while the purchasing power of that money decreases. Investment income on your savings (e.g., interest) counterbalances this effect somewhat and government programs typically give out more money to account for the effects of inflation, but neither of these counterbalancing measures may prove sufficient.
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The majority of the land rights where their history and cultural traditions might be protected were acquired by the American Indian Association. The national farm workers group successfully defended their rights in the fight against industrialists who illegally appropriated their land, and they were able to maintain an important part of their agricultural way of life.

What was the impact and achievements of the American Indian association?

  • Dennis Banks, Clyde Bellecourt, Eddie Benton Banai, and George Mitchell created the American Indian Movement (AIM), a militant movement for American Indian civil rights, in Minneapolis, Minnesota, in 1968.
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During the 21st century, one of the major economic problems in Greece has
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The court case plesse vs ferguson challenged the legality of
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Plessy v<span>. </span>Ferguson<span>, 163 US 537 (1896) was a landmark constitutional law case of the US Supreme Court. It upheld state racial segregation laws for public facilities under the doctrine of "separate but equal".
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